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@ NewsBTC - by layer3.news
2025-05-17 23:31:20
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✍️ The price of Bitcoin has been on a run since mid-April, but some experts believe it may be showing signs of fatigue, with the daily relative strength index (RSI) indicator not yet breaking above 70.
👉 Bitcoin's price has been on a significant run since mid-April, reaching as high as $104,700.
👉 The daily relative strength index (RSI) indicator has not yet broken above 70, which is typically a sign of an overbought market.
👉 Some experts believe that the recent price action may be showing signs of fatigue.
👉 The RSI indicator is a momentum indicator used in technical price analysis to estimate the speed and magnitude of an asset's price changes.
👉 An RSI reading above 70 typically indicates an overbought market condition, while a value below 30 signals an oversold condition.
#TonySeverino #technology
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